ATOM Rebounds from Key Support, Poised for Further Gains | Breaking Crypto News & Blockchain Updates

ATOM Rebounds from Key Support, Poised for Further Gains — Cryptocurrency markets remain in a lull on Wednesday as the majority of assets continue to trade within a tight range. Cosmos' ATOM token is no except...

Cryptocurrency markets remain in a lull on Wednesday as the majority of assets continue to trade within a tight range.

Cosmos' ATOM token is no exception, it is currently trading around $4.00 and looks poised to make a continued move to the upside.

ATOM's V-shaped recovery pattern formed during the 24-hour period from 1 July 15:00 to 2 July 14:00 suggests interest remains strong despite broader uncertainties affecting traditional markets.

Technical analysis

Oliver Knight is the co-leader of CoinDesk data tokens and data team. Before joining CoinDesk in 2022 Oliver spent three years as the chief reporter at Coin Rivet. He first started investing in bitcoin in 2013 and spent a period of his career working at a market making firm in the UK. He does not currently have any crypto holdings.

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